Revised Disclosure under reg 30 of SEBI (LODR), 2015 as per the additional information required by the respected office of the BSE.
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KCD Industries India Ltd has submitted a revised disclosure to BSE detailing the resignation of all five directors from its board, effective August 16, 2025. Three Independent Directors — Ms. Swati Gupta, Mr. Manish Kumar Jain, and Ms. Ritakshi Khandelwal — resigned citing other commitments and personal reasons. Additionally, Mr. Akash Tarunkumar Shah (Executive Director) and Mr. Sahil Tarunkumar Shah (Non-Executive Director) also stepped down for personal reasons. All five directors confirmed there are no material reasons for their resignation beyond what was stated in their letters. The disclosure includes the resignation letters as annexures.
The simultaneous exit of all five directors, including three independent directors and the executive director, is a significant governance event that effectively leaves the board largely empty. Shareholders should expect board reconstitution announcements and may see heightened regulatory scrutiny or volatility in the stock given the scale of the departures.